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ING Groep NV, the biggest Dutch financial services company, plans to sell shares of its European insurance unit in an initial public offering as early as July.
The Senate last night shoved through in virtually unprecedented fashion legislation that would clarify that the Federal Reserve Board can apply insurance-based capital standards to the insurance portion of any insurance holding company it oversees.
The P&C industry lauded the Senate Banking Committee for reporting out a TRIA extension Tuesday, but caution remains a byword because it is not certain when Congress will ultimately act, and whether final legislation will provide the same federal support as current law.
A multi-policy discount, or bundling, is one of the most popular discounts property and casualty insurers have to offer. According to insuranceQuotes.com, insurers offer bundling because it saves both them and insureds money in the long run.
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